The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1887-06-06
RAILWAY MATTERS.
TWO NEW RAILROADS.

The railroad fever still maintains its
strength in Penobscot and Hancock counties
and the Bangor and Piscataquis railroad ap-
pears to be the central point Of interest
There seems to be little doubt but that the
Penobscot Central railroad viii be construct
ed during the coming year from Bangor to
Milo, where II will connect with the Bangor
and Piscataquis and Katahdin Iron Works
railroads. Under these circumstances the
control Of the road becomes a very promi-
nent question 10 all persons interested in the
Piscataquis road, as the new road can easily
become very serious injury to the Bangor
and Piseataquis road, or it can be made a
factor TO maintain and perhaps promote the
prosperity Of that road. The Plscataquis
road was very badly located to subserve the
interests Of Bangor. Instead OF its south
em terminus being at Bangor ii is at Old
town. and all freights and passengers have
to pay the Maine Central a differentla. rate
between Bangor and Oldtown. distance OF
thirteen miles. The amount thus annually
paid 1t Is believed will pay for the lease OF
the Penobscot Central, and under these cir
enmstances the directors Of the Bangor and
Piscataquis railroad have decided TO lease
the new road when 1t Is constructed. 1t Is
believed that the local business between
Milo and Oldtown will maintain the Piscata-
quis road, while the chances are that the lo-
cal business Of the PenObscOt Central and
the increased business that win come to the
Plseataquis road after connection is obtained
with the International railroad will bring q
profit to the Piscataquis road, instead lof in
creasng its liabilities.
In connection with this movement IA the
attempt 10 secure the construction OF a rail-
road between Bangor and Castine. A char
ter for such road was granted by the last
Legislature, and an organization Of the COM
pany occurred at Castine Saturday. Its un-
derstood that wealthy residents Of Minneap-
oils are behind this movement and will fur
nish large proportion Of the money needed
for the construction Of the road. The reason
urged Tor constructing railroad from Ban
gor to Castine instead Of from Bucksport to
Castine, and thus making use Of the Bucks
port branch OF the Maine Central railroad, Is
that it will afford through route from Cas-
tine to the West independent from the Maine
Central. OF course the parties behind such
scheme hope that in time line of steam
ers may be established between Castine and
Europe, and quicker route than any at
present may be established between the
West and Europe.
BELFAST AND MoosEHEAD.
The Belfast journal says that the pros
poets Of direct line from Belfast to Moose
head Lake are not so bright now. The Ca
madam capitalists who were to furnish the
necessary funds have, IL appears, been so Grip
pied financially by the failure Of the Mari
time Bank of st. John that they are not dis
posed to proceed further, and the towns
along the route are now asked to subscribe
for stock or loan their credit to insure the
completion Of the road.
CAsrINE AND BANGOR ROAD.
A meeting Of the Castine and Bangor
Railroad Company was held at 2 o'clock
Saturday. The meeting accepted the char
ter. and committee Of five was appointed to
draft bylaws, and report in the future. Di-
rectors were chosen as follows: James Ad-
ans, Frank p. Wood, +. III. DrummOnd and
A. nj, Devereux Of Bangor; G. O. Garland of
Minneapolis, MINI. N. b. Mansfield Of Bos-
ton and George NJ. Warren Of Castine Adj
iOurnpd for two Neeka